Renewable Algal Energy of Kingsport, TN has been awarded $3 million to further their development of algal biodiesel via innovative harvesting and aquaculture systems, funded as part of DOE's Small Business Phase III Xlerator program.
The awards are meant to provide small innovative companies with the "staying power" they need to develop the processes that are necessary to reduce the manufacturing costs for their products and enable manufacturing at scale. Overcoming cost and scale challenges is critical for small businesses to successfully bring their ideas to the marketplace.
Source : Press Release
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